15
Jul
01:00
Steel prices slide as GDP fails to boost confidence
Seaborne iron ore and Chinese steel futures prices fell slightly on Wednesday. Markets took little encouragement from China’s higher than expected GDP announcement, Kallanish notes.
The October 2015 rebar contract on the Shanghai Futures Exchange closed down CNY 28/tonne at CNY 1,990/t ($325/t), while the same contract for hot rolled coil closed down CNY 22/t at CNY 2,015/t.
The Kallanish index for 62% Fe Australian fines rose by $0.30 to $49.21…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous